Bitcoin starts 2024 off strong, reaching a key new milestone today

Bitcoin starts 2024 off strong, reaching a key new milestone today
фото показано с : invezz.com

2024-1-3 14:53

Bitcoin has started 2024 off strong, reaching a key milestone for the first time in nine months.

Investors and bullish traders of Bitcoin got a pleasant New Year’s surprise when the crypto climbed to a price of over $45,000 on the morning of January 2nd – a key resistance level which the cryptocurrency hasn’t hit since April last year.

Many are touting this as a key hint at a current ‘true breakout’ status for Bitcoin.

Reasons for the high

Partially, this can be attributed to the fact that January 1st is a holiday in many countries, including the United States, and as such January 2nd represents the first real ‘working day’ of 2024, as many return to work after festive breaks.

Another, less tangible reason for this is the fact that it’s officially January – the month that many analysts and insiders have touted as the time when America’s SEC will officially approve some (or all) of its current applications for a Bitcoin spot price ETF.

So far today, BTC has continued to climb past $45,616000, significantly up from the day’s opening price of $44,187 and is showing signs of ending the day up significantly from yesterday’s closing price of 44,167.33.

Coming full circle

However, while this represents a significant rally in recent months, since Bitcoin climbed out of it’s 2023 ‘crypto winter’, it’s actually closer to coming full circle than reaching new highs.

Remember, January 2022 had Bitcoin prices consistently above the $47,000 mark, which in themselves were lower than the giddy peaks of 2021 – especially Bitcoin’s ATH of over $64,800 in April 2021.

The next big milestone

Arguably the most significant number you’ll find anywhere on the web currently in relation to Bitcoin is ‘100,000’ – the price that many have predicted Bitcoin will reach by end 2024.

In relation to this, a key psychological milestone for BTC this year will likely be 50,000 and even potentially 75,000 as investors keep their eyes on the 100,000 prize.

Bitcoin last traded at $50,000 or more in December 2021, over a year ago.

The post Bitcoin starts 2024 off strong, reaching a key new milestone today appeared first on Invezz

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 61477.77 (+0.69%)
Объем 24H $24.974b
Изменеия 24h: -1.26 %, 7d: 4.92 %
Cегодня L: $60790.32 - H: $61728.04
Капитализация $1210.858b Rank 1
Цена в час новости $ 45186.63 (36.05%)

bitcoin key 2024 new milestone off reaching

Источник: invezz.com

bitcoin key → Результатов: 126


Фото:

Bitcoin Breaks Below Key Bullish Trendline as Analysts Eye Move to $18,400

Bitcoin has been showing some serious signs of strength throughout the past few days and weeks Bulls have been in full control of the cryptocurrency’s price action, but are starting to lose their edge over bears as the crypto drifts lower Where it trends in the mid-term will depend largely on whether or not buyers can defend against a break below $18,600 One trader is pointing to this as the first key support level it […]

2020-12-9 21:00


Фото:

Bitcoin is About to Start a Fresh Macro Bull Cycle Once It Captures Key Level

Bitcoin has been able to maintain the bulk of the gains that came about during yesterday’s intense upswing Buyers are still struggling to firmly surmount the key $10,000 region, however, as it appears that bears have established heavy resistance here The cryptocurrency could still be on the cusp of entering a macro bull-cycle, and one analyst is noting that the key level that needs to be shattered exists just above BTC’s current price Bitcoin has […]

2020-5-9 21:00


Фото:

Bitcoin Expert Warns Of A Looming Drop

Yesterday, the price of Bitcoin dropped below the $6,500 mark as it fell below a key price point. According to this crypto expert, this is a sign that there is a looming drop round the corner for the crypto… Despite only a small drop, the price of Bitcoin fell below a crucial price point which is known as a ‘horizontal support’ which could very well be a sign that a significant drop is going to happen.

2018-10-4 13:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Binance releases 18th proof of reserve

Binance, crypto’s largest exchange, disclosed reserve increments across the top five digital assets by market cap despite a slump in prices over the past month.

Bitcoin booed at Ohio State University commencement ceremony

Ohio State University graduates boo MyIntent founder Christopher Pan during his Bitcoin discussion at the 2024 commencement ceremony. The post Bitcoin booed at Ohio State University commencement ceremony appeared first on Crypto Briefing.

DIY Multisig vs. Collaborative Custody Multisig

Deciding to take bitcoin into self-custody is the first step, but holders must assess how they want to protect their savings with either singlesig, DIY multisig or collaborative custody.